Roger.ai

About Roger.ai

Originally founded as Roger.ai in 2016 by Danish serial entrepreneurs Cathrine Andersen and Christian Rasmussen, the company now operates as Corpay One. The founders' previous venture, a real-time collaboration tool called Assemblage, was acquired by Cisco in 2014. The inspiration for Roger.ai stemmed from Rasmussen's personal frustration with the complexities of managing and paying bills, particularly from abroad. Their vision was to automate the cumbersome accounts payable process for small- and medium-sized businesses (SMBs).

In January 2021, Roger.ai was acquired by FLEETCOR Technologies, Inc. (now Corpay), a global business payments company, for a reported $39 million. Following the acquisition, the platform was rebranded as Corpay One, positioning it as a key component of Corpay's broader suite of spend management solutions. The acquisition was a strategic move for FLEETCOR to penetrate the SMB market with a modern, cloud-based bill payment platform.

Corpay One is an integrated spend management platform that automates finance-related tasks for businesses. The system uses AI-powered technology to scan and extract data from invoices and receipts, eliminating manual data entry. It establishes automated workflows for approvals and payments, and it integrates directly with major accounting software such as QuickBooks Online, Sage Intacct, and Xero. The platform serves SMBs and accounting firms across North America and Europe, which can use, refer, or resell the service. The business model is subscription-based, with tiered pricing based on the volume of documents processed monthly, alongside custom enterprise solutions. Revenue is also generated from transaction fees and foreign exchange margins on cross-border payments. The platform consolidates various payment methods into a single interface, including corporate cards, virtual cards, fuel cards, and expense reimbursements, simplifying expense tracking and enhancing security.